the engine as viewed from the fly wheel end should rotate counter clockwise the firing order is not the only thing reversed on these engines the water pump is also reverse rotation. So is the starter the starter drive gear bevel is reversed on both the starter and the fly wheel gear
In these reverse rotation engines Gm used a set of gears instead of a timing chain so the distributor and camshaft rotate in the standard direction. Beacause of this number one cylinder is the same on both engines and this is why Number one spark plug wire is in the same position on both distributor caps.
Oh an easy way to remember this is the move number one to the end of the standard firing order and read backwards
here are the firring orders for you
V8 - 305 V8 - 350 V8 454
Std. Rotation 1-8-4-3-6-5-7-2
Reverse ------ -- 8-4-3-6-5-7-2-1
Reverse Rotation 1-2-7-5-6-3-4-8
Again Number one is in the same position on both distributor caps.
Remember this is a four stroke engine so the timing marks will line up twice once at the top of the compression stroke and once on the top of the exhaust if your not careful you can get the marks 180 degrees out of time
The best way bring the engine to TDC is to pull number one spark plug and rotate the engine in the correct rotation slowly with your finger in the spark plug hole till you feel the compression blowing out of the cylinder
This puts the engine on the compression stroke Rotate the engine slowly till the timing mark is top dead center
If I were working on this engine I would run the firing order and re-time the distributor sounds like your one tooth off
Added comment; the camshaft is what is known as a reverse grind cam you can not use the same firing order as the standard engine 1-8-4-3-6-5-7-2
Edit overhauled my first marine engine in 1965 at a shipyard worked on Chris Craft Crusader Hercules Indmar Chrysler Ford and Continental Standard and reverse rotation engines untill 1992